JUNE 21-27, 2024
Plans for a $335 million hospital in Westfield are raising questions about why Indianapolis-area health networks are concentrating so intently on Hamilton County. John Russell takes stock of the county’s hospital marketplace and what’s behind the boom. Also in this week’s issue, as technology and other factors transform the accounting industry, some firms are turning to private equity investments to help them keep up with the pace of change. Susan Orr has more on this emerging trend pairing accountants with private equity. And Daniel Bradley explains how Carmel’s Palladium is upgrading its sound system in hopes of luring new and bigger acts to the performance hall.
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Hamilton County hospital surge comes amid closings elsewhere
Community Health Network’s announcement this month that it plans to open a $335 million campus near U.S. 31 and 196th Street in Westfield marks the latest entry into the crowded Hamilton County hospital market.
Read MoreInvestors eyeing opportunities in accounting firms
As technology and other factors transform the accounting industry, a growing number of firms are turning to private equity investments to help them keep up with the pace of change.
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Carmel hopes sound-system upgrades bring more acts to Palladium
The concert hall was built with sound in mind. And this month, the 1,600-seat Italian Rennaisance-style building is receiving the first major audio upgrade in its 13-year history.
Read More‘Innovation orchestrator’ boosts Indiana’s economic development
Behind many of the state’s aspirations is a not-for-profit helping to craft its strategies, funnel federal dollars to high-value sectors and provide industry expertise needed to persuade companies to invest in Indiana.
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Derek Schultz: Next steps for Pacers need to develop team’s core
Many Pacers fans are bullish on the team’s immediate future, but significant improvement is still needed. There’s no question the improvement will have to come from within.
Read MoreIndiana 250: Ronald Rochon
In July 2018, Ronald Rochon became the University of Southern Indiana’s fourth president after serving as provost for eight years. He has since successfully secured more than $250 million in state funding for capital projects and operations, with an additional $195 million secured during the most recent budget session. The university also launched its third strategy and […]
Read MoreMade in Indiana: Wines By Oliver Winery
About: Indiana’s most popular wine has homegrown roots. Oliver Winery, which has a 93-acre vineyard in Ellettsville and a tasting room in Bloomington, produces 725,000 cases of wine annually and sells in 43 states. Here in Indiana, it tops the wine charts: Oliver Sweet Red and Oliver Blueberry Moscato are the No. 1- and No. […]
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Lilly and subsidiary Point Biopharma accused of patent infringement of cancer drugs
At issue is whether a drug developed by Point Biopharma, based in Indianapolis, infringed on a patent issued in 2020 and assigned to Purdue Research Foundation.
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IU trustees give OK for 4,500-seat arena in downtown Indianapolis
Indianapolis-based USA Track & Field, a national governing body for the sport, will also move its headquarters to the new building.
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Not-for-profits, anonymous donor pay off medical debt for 112,000
The debt-relief initiative is part of a partnership between the United Neighborhood Centers of Indianapolis, United Way of Central Indiana and national not-for-profit Undue Medical Debt.
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Beckwith upsets Mike Braun’s pick for running mate at GOP convention
Republican delegates picked Beckwith, a minister, over Rep. Julie McGuire, who had been nominated by the party’s gubernatorial nominee and was endorsed by former President Donald Trump.
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Indianapolis-based tech startup Holder ceases operations
Holder, a blockchain-focused marketing tech firm, launched out of Indianapolis venture studio High Alpha in 2022. Its CEO told IBJ the company was too early to market in an emerging industry.
Read MoreFocusBack to Top
Vouchers help startups turn small ideas into big ones
Startups, small businesses and entrepreneurs who have an idea with commercialization potential can tap into a system of state funding and support through a research-focused grant program.
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High Alpha closes on $125M investment fund, downsizes staff
Fund IV marks some shifts in Indianapolis-based High Alpha’s operating strategy—notably, it plans to launch fewer companies per year than it traditionally has in the past, and it has cut its staff nearly in half.
Read MoreOpinionBack to Top
Editorial: Balancing industry, academics key for next Ivy Tech leader
Retiring President Sue Ellspermann, who intends to serve through June 30, 2025, has helped refocus Ivy Tech to better align its programs and its degrees with the needs of the Indiana workforce and the state’s employers.
Read MoreNate Feltman: Indy takes Olympic swim trials to next level
Hats off to community leaders who continue to lean into sports as an avenue for attracting talent and growing the region’s economy.
Read MoreDevin Anderson: We must act to power Indiana’s economic future
During a recent visit to the headquarters of Indiana’s grid operator, Midcontinent Independent Systems Operator, I learned that Indiana’s power supply needs to catch up to support fast-growing demand.
Read MoreThomas P. Dakich: Indiana is driving change in how data centers operate
During a recent visit to the headquarters of Indiana’s grid operator, Midcontinent Independent Systems Operator, I learned that Indiana’s power supply needs to catch up to support fast-growing demand.
Read MoreBarb Cutillo: Upskill your approach to managing projects
Most managers lack formal project management training, and very often, the projects they run fail miserably or spin indefinitely, wasting time and resources.
Read MoreJalene Hahn: How to defend yourself financially amid life’s changes
Financial self-defense is about increasing your financial literacy and confidence in making sound money decisions. It is also about knowing enough to ask questions and not take statements at face value.
Read MoreCecil Bohanon and John Horowitz: Are nuclear regulations and actual risk proportionate?
For better or worse, America’s energy future will be determined by political considerations as much as market conditions since all energy sources generate external costs that are not fully incorporated into market prices.
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New restaurant to take over Marco’s site at 54th and Keystone
The Shadow Lounge will open in a building that was previously occupied by Marco’s Restaurant & Lounge and Capri Italian Restaurant across six decades.
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Butler University launching online bachelor’s degree completion program
Butler, which worked with TechPoint to create the program, said students will typically graduate in 18 months to two years with a bachelor’s of science degree in organizational leadership.
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Ascension St. Vincent says it has restored electronic records system hit by May cyberattack
Ascension, the largest Catholic health system in the United States, was hit May 8 by a cyberattack that hindered computer access across the system and affected patient care.
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Randy Head emerges as likely Hoosier GOP chief
The lobbyist and former state lawmaker would succeed Anne Hathaway, who recently resigned after a 10-month stint chairing the party.
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Central Indiana home sales sink again amid higher prices
Closed existing-home sales in the 16-county area have fallen in 27 of the last 28 months.
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